Rayonier Advanced Materials (RYAM) Tops Q2 EPS by 8c, Revenues Beat
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Rayonier Advanced Materials Reports Second Quarter 2018 Results
August 2, 2018 4:30 PM EDTSecond quarter 2018 net income of $54 million and adjusted EBITDA of $106 million Year to date diluted earnings per share of $1.22 and adjusted net income per share of $0.99; 281 percent increase in adjusted earnings per share from prior year Strong performance in Pulp and Forest Products segments combined with improved productivity in High Purity Cellulose drove increased adjusted EBITDA Solid execution on Cost Transformation with $18 million of savings achieved year to date; on track to exceed 2018 target Returned capital of $29 million to stockholders through dividends... More
